NOK Facility definition

NOK Facility means the Second Amended and Restated Multi-Currency Credit Facility Agreement dated the date hereof among GulfMark Rederi AS, as borrower, the financial institutions listed therein as lender and DNB Bank ASA, as arranger and agent, substantially in the form attached hereto as Annex B, as such agreement may be further amended, amended and restated or otherwise modified from time to time.
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NOK Facility means the NOK 800,000,000 Reducing Revolving Credit Facility, dated April 24, 2002, among Trico Shipping AS, as borrower, Den Norske Bank ASA, as Agent, and the institutions party thereto as banks.
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NOK Facility means the NOK 600,000,000 Amended and Restated Multi-Currency Revolving Credit Facility Agreement between GulfMark Rederi AS, DNB Bank ASA and others dated October 23, 2014, as amended.
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Examples of NOK Facility in a sentence

  • The Borrower may, upon irrevocable written notice to the Notice Parties, terminate or permanently reduce the unused Commitments in each case without premium or penalty; provided that such reduction or termination shall be accompanied by the payment of any accrued Unused Commitment Fees; provided, further the Lender will cause a reduction of the commitment under the NOK Facility by an amount equal to the amount of such Commitment reduction hereunder.

  • The Debtor is authorized to guarantee repayment of Rederi’s obligations under the NOK Facility under the terms of the Parent Guarantee; provided, however, that notwithstanding anything in this Interim Order or in the Parent Guarantee to the contrary, the Debtor’s obligations under the Parent Guarantee shall not be entitled to priority as administrative expenses of the Debtor’s estate or otherwise.

  • Subject to paragraph 7 of this Interim Order, as of the date hereof, there exist no claims or causes of action against DNB with respect to, in connection with, related to, or arising from the DIP Intercompany Facility, the Parent Guarantee, the NOK Facility, the Consent, or the Collateral Assignment that may be asserted by the Debtor or, to the Debtor’s knowledge, any other person or entity.

  • The Borrower may at any time by written notice to the Lender, voluntarily prepay all or part of the Term Loans; provided that any such prepayment shall be in a minimum amount of $1,000,000 (and if greater, in integral multiples of $500,000) (or, if less, the outstanding amount of the Term Loans or any other amount approved by the Lender); provided, further, that all amounts received in respect of any such prepayment shall be applied to make a prepayment pursuant to Clause 8.5.7 of the NOK Facility.

  • The Lender may not sell, transfer, negotiate or assign all or any portion of its rights and obligations hereunder (including all or a portion of its Commitments and its rights and obligations with respect to Term Loans), other than pursuant to the DIP Intercompany Assignment Agreement (as defined in the NOK Facility), a copy of which is attached hereto as Annex I, or as otherwise agreed by the Issuing Bank in its sole discretion.

  • The DIP Intercompany Facility is only available to the Debtor on account of the NOK Facility and DNB’s lending to Rederi thereunder.

  • Granting the DIP Liens and the DIP Superpriority Claim to the Secured Parties is a condition to DNB’s extension of credit to Rederi under the NOK Facility.

  • Upon the occurrence of an event requiring the Lender to prepay the NOK Term Loans pursuant to Clauses 8.1 through 8.5 of the NOK Facility, the Borrower shall prepay the Term Loans, in the amounts and on the date the Lender is required to prepay the NOK Term Loans therein if and to the extent the making of such prepayment of Term Loans hereunder is necessary to allow the Lender to make the corresponding prepayment of NOK Term Loans therein.

  • DNB is not a control person or insider of the Debtor or any of its affiliates by virtue of any of the actions taken with respect to, in connection with, related to, or arising from the DIP Intercompany Facility, the Parent Guarantee, the NOK Facility, the Consent, or the Collateral Assignment.